Insurance

TowneBank is aiming to be the top bank by deposit share in Hampton Roads and among the top four in Richmond, the chief executive said Wednesday. "Our goal here is to be No. 1," TowneBank Chairman and CEO G. Robert Aston Jr. told about 1,000 attendees of the company's annual shareholders meeting at the Virginia Beach Convention Center. TowneBank, with 16.7 deposit market share, was No. 2 behind Wells Fargo with 20.4 percent, according to the latest FDIC report in June. Over the years, Aston explained it used community branding and engagement — through influential board members and employee talent — to steal market share from the Big Four: Wells Fargo,...

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TowneBank is aiming to be the top bank by deposit share in Hampton Roads and among the top four in Richmond, the chief executive said Wednesday.
"Our goal here is to be No. 1," TowneBank Chairman and CEO G. Robert Aston Jr. told about 1,000...

The number of people opting out of the state's managed-health care pilot program for "dual eligibles" — those who qualify for both Medicare and Medicaid — has been so large in its first year the savings is expected to be far less than the $44...

The U.S. Departments of Health and Human Services, Labor and the Treasury issued guidance to insurance companies and consumers Monday to help ensure that Americans have the coverage they are entitled to under the Affordable Care Act. The law required that...

Advocates of annual mammography screening for the early detection of breast cancer took a blow with the issuance of new draft guidelines by the U.S. Preventive Services Task Force on Tuesday.
The task force, which issues preventive guidelines for a...

With just a couple of weeks left in the Affordable Care Act's special enrollment period for health insurance in 2015, the federal government has released more details on those who signed up during the primary open enrollment, which ended Feb. 15.
The...

The General Assembly passed a pair of bills during its recent session meant to make life a little more manageable for families dealing with autism.
One will expand mandated insurance coverage for autism services come 2016, taking the required age from...

The city's fire department will soon be one of only three in the state to receive a top grade from the group most insurance companies rely on when deciding what to charge homeowners and businesses for coverage.
The Class 1 Public Protection...

Four insurance companies -- Aetna, Assurant Health, Humana and United Healthcare -- have released payment information based on claims from more than 40 million insured to the nonprofit, www.guroo.com.
The web site shows what insurers (not the patients)...

RICHMOND – The Virginia General Assembly is chugging toward a weekend close to this 2015 regular session.A number of marque issues – ethics reform, day care regulatory reform and new campus sexual assault reporting rules – remain unresolved due to...

Numerous health-related bills are wending their way through the Virginia legislature. Many have already had their fates sealed, but others are still in play.
One whose fate hangs in the balance is House Bill 1940 regarding insurance coverage for...

In the wake of the cyber attack that compromised the personal information of Anthem members as far back as 2004, the insurance giant is offering free credit monitoring services for 24 months through AllClear ID to anyone potentially affected.
Those could...

Disputed life insurance legislation has drawn the promise of a veto from Gov. Terry McAuliffe, whose administration says the measure would help companies avoid paying death benefits.
The bill's sponsor, an insurance agent, disputes that, making...

Sen. Lindsey Graham (R-S.C.), new chairman of the Senate armed services' subcommittee on military personnel, has signaled he will defend retirement reforms proposed for a new generation of service members by the Military Compensation and Retirement...

Anthem is offering identify theft repair and credit monitoring services to current and former customers affected by the health insurer's major data security breach earlier this month.
The services, available for Anthem members dating back to 2004, are...

Sera-Brynn, a 4-year-old Suffolk-based cybersecurity firm, was named to Cybersecurity Ventures' first list of top "500 Hot Cybersecurity Companies to Watch in 2015."
Sera-Brynn, a payment card industry security assessor, was the only company...

More autism aid soughtThe Virginia House voted Tuesday to increase mandated insurance coverage for children with autism. The bill would require insurance companies in Virginia to cover services for autistic children up to age 10, increasing the...

The Virginia House voted Tuesday to increase mandated insurance coverage for children with autism, taking what one delegate described as a "gut wrenching" vote on the issue.
House Bill 1940 would require insurance companies in Virginia to cover...

Suffolk-based TowneBank says it’s acquiring two independent insurance firms to expand its insurance business further on the Peninsula and to the Middle Peninsula.
TowneBank announced Thursday that Hampton-based Lackey Saunders Co. Inc. (founded in...

The massive data security breach suffered by the health insurance giant Anthem and its affiliated brands could affect millions of Virginians.
The breach affected a potential 80 million customers nationwide. In Virginia, Anthem has approximately 3 million...